TKO Group (NYSE:TKO) Price Target Raised to $170.00

TKO Group (NYSE:TKO) had its price target lifted by investment analysts at UBS Group from $135.00 to $170.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 19.94% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Roth Mkm upped their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.29.

TKO Group Stock Down 0.5 %

Shares of TKO Group stock opened at $141.74 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $134.17 and its two-hundred day simple moving average is $122.56. The company has a market cap of $24.20 billion, a P/E ratio of -337.48 and a beta of 1.07. TKO Group has a 12-month low of $75.35 and a 12-month high of $149.40.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Research analysts anticipate that TKO Group will post 3.88 EPS for the current year.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel bought 60,208 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the purchase, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell bought 263,200 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 600,647 shares of company stock worth $86,815,728 and have sold 65,624 shares worth $9,314,671. Company insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the period. Signaturefd LLC lifted its stake in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the period. Quarry LP bought a new position in shares of TKO Group in the 2nd quarter worth approximately $51,000. Finally, International Assets Investment Management LLC lifted its stake in shares of TKO Group by 12,275.0% in the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after purchasing an additional 491 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.